Saints Cap Moves: Derek Carr restructured, Erik McCoy restructured; J. Williams released; cap space is at -$8,543,537

texasjefe said
Is this the article?



They could not have shopped him (or let him "test the market") unless they wanted to eat the full dead cap. So unless I'm missing something, that's a meaningless statement. Maybe "test the market" thing came from Carr's camp. He could've tested every market, it just meant that the Saints would have jumped their 2025 Dead Cap to $90M, and that's before they've made decisions on Ruiz, Hill, Ramcyz, others.

Business szn.
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"Several NFL sources believe that Carr was open to testing the market"? "Sources" and "believe"? And they didn't both report it, but both contributed to the same article?

That said, the math you're using is wrong. The team could have had a one time dead cap hit of $51m if they had flat out cut him or a $41m hit had they traded him. They would have had to restructure far more deserving players to do it, but those are the numbers.